Fil-Hispano Holdings Corporation

May 6, 1998 PSE CIRCULAR FOR BROKERS NO. 952-98 SUBJECT : Fil-Hispano Holdings Corporation Further to Circular No. 866-98 dated April 29, 1998, Fil-Hispano Holdings Corporation ("FH") furnished the Exchange on May 4, 1998 a copy of SEC Form 34-C (Definitive Information Statement) in connection with its Annual Stockholders' Meeting which will be held on May 26, 1998, at 3:00 p.m., at the Metropolitan Club, Estrella Street corner Amapola Street, Bel-Air Village, Makati. The agenda for the Meeting is as follows: 1. Call to Order 2. Proof of notice and certification of quorum 3. Approval of minutes of the 1997 annual meeting of the stockholders 4. Management Report and Audited Financial Statements for year ended December 31, 1997 5. Ratification of Previous Corporate Acts 6. Amendment of Article Third of the Amended Articles of Incorporation to change the location of the principal office to any place in Metro Manila; and of Article Seventh, for the increase of the authorized capital stock, and authorizing the creation of additional common shares, preferred shares and/or other types of securities in relation to such increase 7. Approval of the spin-off of certain assets to a landholding subsidiary, and the manufacturing operations to another separate subsidiary; and the consent to the creation by the landholding company of a mortgage trust indenture over certain real properties of the Company 8. Election of Directors 9. Appointment of External Auditor 10. Other Matters 11. Adjournment cdt As previously announced, stockholders of record as of March 20, 1998 are entitled to notice of, and to vote at, said meeting. A copy of FH's SEC Form 34-C is available for reference at the PSE Library and PSE-Plaza Administration Office. For your information. (SGD.) REYNOLD P. ONG Vice-President, Listings and Disclosure Group